Philippine stocks fall 1.11% amid US tariff uncertainty

Philippine stocks declined on Friday as uncertainty over reinstated US tariffs and legal challenges impacted market sentiment, with the Philippine Stock Exchange Index (PSEi) falling by 1.11%, or 71.28 points, to end at 6,341.53.

Sectoral indexes mostly closed lower, with mining and oil dropping 1.81% and financials falling 0.58%, while industrials saw a minor gain.

Net foreign selling reached P179.92 million on the day, reversing from net foreign inflows of P687.36 million the previous day.

Value turnover was higher than the year-to-date average at P40 billion due to Robinsons Retail Holdings Inc.'s share buyback worth P15.77 billion.

Losers outnumbered gainers by 118 to 76, while 46 companies closed flat.